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LouisianaPacific Corp. Reports Operating Results (10-Q)

July 31, 2012 | About:

10qk

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LouisianaPacific Corp. (LPX) filed Quarterly Report for the period ended 2012-06-30.

Louisiana-pacific Corporation has a market cap of $1.52 billion; its shares were traded at around $10.3 with and P/S ratio of 1.1.

Highlight of Business Operations:

OSB is sold as a commodity for which sales prices fluctuate daily based on market factors over which we have little or no control. We cannot predict whether the prices of our OSB products will remain at current levels or increase or decrease in the future. For the second quarter of 2012, OSB prices (NC 7/16"), as reported by Random Lengths, were 35% higher than for the same period in 2011 and for the first six months were 17% higher than the first six months of 2011.

Our net loss attributable to LP for the second quarter of 2012 was $37.3 million, or $0.27 per diluted share, on sales of $427.8 million, compared to a net loss attributable to LP for the second quarter of 2011 of $35.5 million, or $0.27 per diluted share, on sales of $362.4 million. For the second quarter of 2012, loss from continuing operations attributed to LP was $37.2 million, or $0.27 per diluted share, compared to $33.0 million, or $0.25 per diluted share, for the second quarter of 2011.

Our net loss attributable to LP for the first six months of 2012 was $48.6 million, or $0.35 per diluted share, on sales of $789.3 million, compared to net loss attributable to LP for the first six months quarter of 2011 of $58.5 million, or $0.45 per diluted share, on sales of $694.1 million. For the first six months of 2012, loss from continuing operations was $48.4 million, or $0.35 per diluted share, compared to loss from continuing operations of $55.8 million, or $0.43 per diluted share, for the first six months of 2011.

For both the second quarter and first six months of 2012 as compared to the same periods in the prior year, sales prices increased for our commodity OSB products as discussed in the OSB segment above. The increase in selling price favorably impacted operating results and adjusted EBITDA from continuing operations by approximately $2 million for the quarter and for the six month period as compared to the corresponding periods of 2011.

first six months ended June 30, 2012, the increase in sales in Chile was supported by increased imports from LP's North American and Brazilian operations. These imports generally produce a lower margin due to freight costs and therefore have little impact on operating results.

Read the The complete Report

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